Saturday, July 14, 2012

The Dow Jones - Ichimoku Study - Week: 09 July to 13 July, 2012 - Bull Stoic

                                .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.

Useful resources (free) from the Web:

Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Kijun sen cross: Weak  Bearish  Signal (K)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)

                DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 13 July, 2012 

Learning from the Past Week: (Click)
We suggested in our study last week that despite the last Bearish Signal the Bulls were in a good place.
Taking support at the MVWAP 34 and Kijun Sen as studied by us last week - and also the Tenkan Sen - the index ended the week with a green stoic Doji.

Looking Forward into the next Week:
The index is showing Bulls power even after a Bearish 'T' Cross
Unless the Bulls take it below the Tenkan Sen - they would see a green 'T' Cross soon.